Bigelow Investment Advisors LLC Purchases 110 Shares of NIKE, Inc. (NYSE:NKE)

Bigelow Investment Advisors LLC increased its position in shares of NIKE, Inc. (NYSE:NKE) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,866 shares of the footwear maker’s stock after buying an additional 110 shares during the quarter. Bigelow Investment Advisors LLC’s holdings in NIKE were worth $1,288,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Schear Investment Advisers LLC bought a new position in shares of NIKE during the fourth quarter worth about $226,000. Knights of Columbus Asset Advisors LLC lifted its holdings in NIKE by 1.3% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 29,101 shares of the footwear maker’s stock worth $3,159,000 after purchasing an additional 372 shares during the last quarter. HTLF Bank acquired a new stake in NIKE during the 4th quarter worth approximately $318,000. Lafayette Investments Inc. lifted its holdings in NIKE by 9.1% during the 4th quarter. Lafayette Investments Inc. now owns 21,147 shares of the footwear maker’s stock worth $2,296,000 after purchasing an additional 1,763 shares during the last quarter. Finally, Fidelis Capital Partners LLC lifted its holdings in NIKE by 40.3% during the 4th quarter. Fidelis Capital Partners LLC now owns 11,656 shares of the footwear maker’s stock worth $1,265,000 after purchasing an additional 3,348 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE Price Performance

NKE stock traded down $1.21 during mid-day trading on Friday, hitting $94.53. 11,221,767 shares of the stock were exchanged, compared to its average volume of 9,613,107. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The business has a fifty day moving average price of $98.31 and a 200 day moving average price of $103.37. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $128.68. The stock has a market capitalization of $142.68 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 1.83 and a beta of 1.08.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The company had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. On average, sell-side analysts anticipate that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.57%. NIKE’s dividend payout ratio (DPR) is 43.53%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NKE shares. Evercore ISI dropped their price target on NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. TheStreet lowered NIKE from a “b” rating to a “c+” rating in a research note on Tuesday, January 9th. Telsey Advisory Group decreased their price target on NIKE from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. UBS Group decreased their price target on NIKE from $138.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Finally, Robert W. Baird reduced their price objective on NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.